Rental market snapshot for Phoenix, Arizona
Phoenix, Arizona Rental Property Market Overview
The average rent for an apartment in Phoenix is $1,967. The cost of rent varies depending on several factors, including location, size, and quality.
The average rent has decreased by -0.10% over the past year.
Phoenix is the capital of Arizona and the most populous city in the state. It is also the fifth most populous city in the United States, and is one of the fastest-growing cities in the country. Phoenix is home to a number of professional sports teams, including the Arizona Cardinals of the National Football League, the Phoenix Suns of the National Basketball Association, the Arizona Diamondbacks of Major League Baseball, and the Arizona Coyotes of the National Hockey League. The city also has a large number of parks and recreation areas, including the Phoenix Zoo, the Desert Botanical Garden, and the South Mountain Park and Preserve.
Last Updated December 23, 2022
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Sign upAverage monthly rent graph in Phoenix Arizona | Cost of Living
- The most expensive ZIP Code in Phoenix is 85028 with an average price of $2,450
- The cheapest ZIP Code in Phoenix is 85009 with an average price of $900
Phoenix ZIP Codes with the highest, most expensive rent
| # | zip code | average rent |
|---|---|---|
| 1 | 85028 | $2,450 |
| 2 | 85048 | $2,450 |
| 3 | 85050 | $2,445 |
| 4 | 85085 | $2,400 |
| 5 | 85045 | $2,395 |
| 6 | 85086 | $2,305 |
| 7 | 85022 | $2,295 |
| 8 | 85054 | $2,249 |
| 9 | 85024 | $2,210 |
| 10 | 85024 | $2,205 |
Live near Phoenix, Arizona's Top Sights and Attractions
Horseshoe Bend is a horseshoe-shaped incised meander of the Colorado River located near the town of Page, Arizona, in the United States. Horseshoe Bend is located 5 miles (8.0 km) downstream from Glen Canyon Dam and Lake Powell within Glen Canyon National Recreation Area, about 4 miles (6.4 km) southwest of Page. It is accessible via hiking a 1.5-mile (2.4 km) round trip from U.S. Route 89.
El Oso is a life-size bronze statue of a bear located in Phoenix, Arizona. The statue is located in a park and is a popular spot for photos.
The attraction is a large metal sculpture of a falcon in mid-flight. It is located in a park near the city center.
Cave Creek Wash Recreation Area is a recreation area located in Phoenix, Arizona. The recreation area is located along the banks of the Cave Creek Wash, and features a variety of amenities for visitors to enjoy. Amenities at the recreation area include a playground, picnic tables, a basketball court, and a walking trail.
Paradise Valley Park is a large city park located in the Phoenix, Arizona. The park features a wide variety of amenities including a playground, picnic areas, a basketball court, a volleyball court, a softball field, and a swimming pool. The park also has a large pond that is stocked with fish.
Lookout Mountain is a mountain in Phoenix, Arizona with a lookout point at the top. The mountain is a popular hiking destination and offers views of the city and surrounding desert.
Civic Space is a public park in the heart of downtown Phoenix. The park is home to a variety of events and activities throughout the year, and features a large lawn, a stage, a playground, and a splash pad.
Royal Palm Park is a beautiful park located in the heart of Phoenix, Arizona. The park features a large pond, lush gardens, and a variety of palm trees. Visitors can enjoy a variety of activities such as picnicking, fishing, and bird watching.
Phoenix, Arizona area median rent change by ZIP Code map
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Sign upHow does Phoenix compare to other cities in Arizona ?
| city | median price |
|---|---|
| Flagstaff | $2,792 |
| Arizona City | $1,575 |
| Apache Junction | $2,020 |
| Chandler | $2,275 |
| Tolleson | $2,070 |
| Peoria | $2,060 |
| Gilbert | $2,300 |
| Gold Canyon | $2,450 |
| Fountain Hills | $2,620 |
| Sedona | $2,950 |
Average household income in Phoenix area graph - US Census
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Sign upThe median household income in Phoenix in 2021 was $60,914. This represents a 25.3% change from 2011 when the median was $48,596.
| # | category | percent |
|---|---|---|
| 0 | Less than $10,000 | 5.5% |
| 1 | $10,000 to $14,999 | 3.7% |
| 2 | $15,000 to $19,999 | 3.7% |
| 3 | $20,000 to $24,999 | 4.6% |
| 4 | $25,000 to $29,999 | 4.4% |
| 5 | $30,000 to $34,999 | 4.9% |
| 6 | $35,000 to $39,999 | 4.7% |
| 7 | $40,000 to $44,999 | 5.0% |
| 8 | $45,000 to $49,999 | 4.4% |
| 9 | $50,000 to $59,999 | 8.3% |
| 10 | $60,000 to $74,999 | 10.7% |
| 11 | $75,000 to $99,999 | 13.0% |
| 12 | $100,000 to $124,999 | 8.5% |
| 13 | $125,000 to $149,999 | 5.6% |
| 14 | $150,000 to $199,999 | 5.9% |
| 15 | $200,000 or more | 7.0% |
